WPP (LON:WPP) Hits New 1-Year High - Here's What Happened

WPP plc (LON:WPP - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as GBX 903 ($11.51) and last traded at GBX 892.20 ($11.37), with a volume of 12338652 shares. The stock had previously closed at GBX 867.60 ($11.06).

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WPP. Citigroup reaffirmed a "buy" rating on shares of WPP in a research report on Thursday, September 5th. Shore Capital reiterated a "buy" rating on shares of WPP in a research report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, WPP presently has an average rating of "Moderate Buy" and a consensus price target of GBX 946.67 ($12.06).

WPP Stock Up 2.8 %

The firm has a 50-day moving average price of GBX 816.12 and a two-hundred day moving average price of GBX 770.89. The company has a market capitalization of £9.63 billion, a P/E ratio of 4,745.26, a PEG ratio of 13.47 and a beta of 1.13. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 190.55.

Insider Transactions at WPP

In other WPP news, insider Joanne Wilson sold 8,794 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of GBX 860 ($10.96), for a total value of £75,628.40 ($96,378.74). 0.22% of the stock is currently owned by insiders.

WPP Company Profile

WPP plc, a creative transformation company, provides communications, experience, commerce, and technology services in North America, the United Kingdom, Western Continental Europe, the Asia Pacific, Latin America, Africa, the Middle East, and Central and Eastern Europe. The company operates through three segments: Global Integrated Agencies, Public Relations, and Specialist Agencies.